EX-10.30 2004 NON-EMPLOYEE DIRECTOR STOCK PLANEquity Incentive Plan Agreement |
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EXHIBIT 10.30
DELTA APPAREL, INC.
2004 NON-EMPLOYEE DIRECTOR STOCK PLAN
1. PURPOSE. The purpose of the 2004 Non-Employee Director Stock Plan (the
"Plan") is to include equity as a component of the compensation of non-employee
members of the Board of Directors (the "Board") of Delta Apparel, Inc. (the
"Company").
2. EFFECTIVE DATE AND TERM OF PLAN. Subject to approval of the shareholders of
the Company in accordance with applicable law and securities exchange rules, the
Plan shall be effective as of October 1, 2004 and shall remain in effect until
the earlier of (a) the date the Plan is terminated by the Board; or (b) October
1, 2009.
3. ELIGIBILITY. Any member of the Board who is not an employee of the Company or
any of its subsidiaries shall be eligible to receive an award under the Plan.
4. ADMINISTRATION. The Compensation Grants Committee of the Board (the
"Committee") shall administer the Plan, provided that the Board at any time may
elect to exercise the authority of the Committee under the Plan. Each reference
herein to the Committee shall be understood to include reference to the Board
when it elects to exercise such authority. Subject to the express provisions of
this Plan, the Committee shall have the authority to do all things that it may
deem necessary or desirable in connection with the administration of the Plan,
including without limitation the authority (a) to establish, modify and revoke
rules relating to the Plan; (b) to interpret the terms of the Plan, any rules
under the Plan and the terms and conditions of any award under the Plan; (c) to
approve the form and content of any documentation relating to awards under the
Plan or Plan administration; and (d) consistent with the express provisions of
the Plan, to approve, establish and amend (subject to the award recipient's
consent except with respect to amendments pursuant to Section 8) the terms
governing an award under the Plan. All determinations, interpretations and
decisions made by the Committee under or with respect to the Plan and awards
under the Plan shall be final, conclusive and binding on the Company, each
eligible person, each Plan participant and any beneficiary of an award. No
member of the Committee or the Board shall be liable for any action taken in
good faith with respect to the Plan.
5. SHARES SUBJECT TO PLAN. Up to 25,000 shares of the common stock of the
Company may be issued pursuant to awards under the Plan. In any [fiscal] year,






